Earn 2.06% APY with our Health Savings Account  

Health Savings Account (HSA) is a type of savings account with unique tax advantages** that helps those with qualified high-deductible health plans (HDHPs) save money on many out-of-pocket medical expenses like doctor visits, vision and dental care, and prescriptions. The money is yours for as long as you need it, year-after-year through different health plans or employers!

Benefits include:

  • Pretax Contributions – Contributions to your HSA can be made with pretax dollars which means every dollar you contribute is a dollar saved (your employer may offer a payroll deduction option to help you make contributions on a pretax basis).**

  • Tax-free Gains – Any gains on the money in your HSA are tax-free so you keep 100% of any money your HSA savings or investments earn, boosting the amount of money you have to cover your out-of-pocket medical costs.**

  • Tax-free Withdrawals – You won’t pay taxes on money you withdraw for qualified medical expenses.**

Easily Rollover Your Existing HSA to a Heritage Federal Credit Union HSA†

  • You do not have to be an eligible individual to make a rollover contribution from your existing HSA to a new HSA.

  • Rollovers are not subject to the annual contribution limits.

  • You do not need to wait for your insurance renewal period to rollover your HSA from another financial institution to HFCU.

  • A rollover contribution is not included in your income, is not deductible, and does not reduce your contribution limit.

  • No Fees | No Minimum Balance

  • Contributions are Tax/Pretax Deductible

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Interested in a Health Savings Account?

You must qualify for membership to be eligible for the Health Savings Account.
Just complete the form and a Heritage Federal Credit Union Representative will contact you!

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*APY = Annual Percentage Yield. Annual Percentage Yields are accurate as of 5/1/18 and are subject to change. Fees or other conditions could reduce the earnings on these accounts. Rates may change after accounts are opened.

**Heritage Federal Credit Union does not provide tax advice and recommends speaking to a tax consultant for guidance.

†You do not have to be an eligible individual to a make a rollover contribution from your existing HSA to a new HSA. Rollovers are not subject to the annual contribution limits. You do not need to wait for your insurance renewal period to rollover your HSA from another financial institution to HFCU. A rollover contribution is not included in your income, is not deductible, and does not reduce your contribution limit.

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